05.Mar .2021 14:00

Up to 2 MLN GEL to be allocated for subsidizing Tbilisi restaurants

Up to 2 MLN GEL to be allocated for subsidizing Tbilisi restaurants
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Up to 2 MLN GEL to be allocated for subsidizing Tbilisi restaurants

Deputy Mayor of Tbilisi Andria Basilaia declares, that over 2 million GEL will be allocated from the central budget, which provides subsidizing small and medium restaurants in Tbilisi. Over 400 restaurants will benefit with that financial assistance.

"I would like to thank the Prime Minister, who shared the initiative of small and medium-sized restaurants, they will get a voucher of 5,000 GEL.

The criteria will be published in a few days. It will be a simple registration form. Large businesses, franchisees and international chain operators will not be able to participate in this program. The program is intended for small and medium-sized restaurants in Tbilisi.

The subsidy program will be implemented by the central government, for which the budget will allocate over 2 million GEL and as of our estimation about 400 restaurants will receive this assistance, "- said Andria Basilaia.

As the Deputy Mayor stated at a special press conference, restaurants operating in Tbilisi will have to meet several criteria.

“Detailed criteria will be specified in the coming days. At this stage, the turnover of the restaurant should be 100 000 GEL in the last 2 months, and the chair number at the restaurant must range from 20 to 80. We have developed these criteria jointly with restaurants and aims to provide assistance to the most affected sector," Basilaia explained.

According to the initiative of Tbilisi City Hall, financial assistance for the facilities was set at 5,000 GEL. In case of operating more than one restaurant by one legal entity, the funding will amount to 10,000 GEL. All facilities registered before November 28, 2020 will receive the subsidy.